EX-99.H5 48 dex99h5.htm EXPENSE LIMITATION AGREEMENT BETWEEN THE TRUST AND MASSMUTUAL - ENH IND VAL II Expense Limitation Agreement between the Trust and MassMutual - Enh Ind Val II

 

Exhibit H(5)

 

EXPENSE LIMITATION AGREEMENT

 

This EXPENSE LIMITATION AGREEMENT (the “Agreement”) is between Massachusetts Mutual Life Insurance Company, a Massachusetts corporation (the “Manager”), and The DLB Fund Group, a Massachusetts business trust (the “Trust”), effective as of the thirteenth day of October, 2004.

 

WHEREAS, the Trust is an open-end diversified management investment company registered as such with the Securities and Exchange Commission pursuant to the Investment Company Act of 1940, as amended;

 

WHEREAS, DLB Enhanced Index Value Fund II (the “Fund”) is a series of the Trust;

 

WHEREAS, the Manager is an investment adviser registered with the Commission as such under the Investment Advisers Act of 1940, as amended; and

 

WHEREAS, the Trust has appointed the Manager as its investment manager for the Fund and the Manager has agreed to act in such capacity upon the terms set forth in the relevant Investment Management Agreement;

 

NOW THEREFORE, the Trust and the Manager hereby agree as follows:

 

1. Expense Limitation

 

The Manager agrees to cap the fees and expenses of the DLB Enhanced Index Value Fund II at the amounts listed below through February 28, 2006.

 

Class


   Expense Cap

 

N

   1.40 %

A

   1.09 %

L

   0.84 %

Y

   0.69 %

S

   0.59 %

 

This Agreement cannot be terminated unilaterally by the Manager.

 


IN WITNESS WHEREOF, the Trust and the Manager have caused this Agreement to be executed on the 12th day of October 2004.

 

MASSACHUSETTS MUTUAL LIFE

INSURANCE COMPANY

By:

 

/s/ James S. Collins

   

James S. Collins, Vice President and Actuary

THE DLB FUND GROUP

on behalf of DLB FIXED INCOME FUND

By:

 

/s/ Kevin M. McClintock

   

Kevin M. McClintock, President